Solved examples based on new slab rate

 Here are 5 solved examples showing how to calculate income tax:

Example 1: Total Income = ₹4,50,000

Tax Calculation:

  • ₹0 to ₹3,00,000 → Nil

  • ₹3,00,001 to ₹4,50,000 (₹1,50,000) @ 5% = ₹7,500
    ✅ Tax Payable = ₹7,500

Example 2: Total Income = ₹7,20,000

Tax Calculation:

  • ₹0 to ₹3,00,000 → Nil

  • ₹3,00,001 to ₹6,00,000 (₹3,00,000) @ 5% = ₹15,000

  • ₹6,00,001 to ₹7,20,000 (₹1,20,000) @ 10% = ₹12,000
    ✅ Tax Payable = ₹27,000

Example 3: Total Income = ₹10,50,000

Tax Calculation:

  • ₹0 to ₹3,00,000 → Nil

  • ₹3,00,001 to ₹6,00,000 → ₹3,00,000 @ 5% = ₹15,000

  • ₹6,00,001 to ₹9,00,000 → ₹3,00,000 @ 10% = ₹30,000

  • ₹9,00,001 to ₹10,50,000 → ₹1,50,000 @ 15% = ₹22,500
    ✅ Tax Payable = ₹67,500

Example 4: Total Income = ₹13,00,000

Tax Calculation:

  • ₹0 to ₹3,00,000 → Nil

  • ₹3,00,001 to ₹6,00,000 → ₹3,00,000 @ 5% = ₹15,000

  • ₹6,00,001 to ₹9,00,000 → ₹3,00,000 @ 10% = ₹30,000

  • ₹9,00,001 to ₹12,00,000 → ₹3,00,000 @ 15% = ₹45,000

  • ₹12,00,001 to ₹13,00,000 → ₹1,00,000 @ 20% = ₹20,000
    ✅ Tax Payable = ₹1,10,000

Example 5: Total Income = ₹18,00,000

Tax Calculation:

  • ₹0 to ₹3,00,000 → Nil

  • ₹3,00,001 to ₹6,00,000 → ₹3,00,000 @ 5% = ₹15,000

  • ₹6,00,001 to ₹9,00,000 → ₹3,00,000 @ 10% = ₹30,000

  • ₹9,00,001 to ₹12,00,000 → ₹3,00,000 @ 15% = ₹45,000

  • ₹12,00,001 to ₹15,00,000 → ₹3,00,000 @ 20% = ₹60,000

  • ₹15,00,001 to ₹18,00,000 → ₹3,00,000 @ 30% = ₹90,000
    ✅ Tax Payable = ₹2,40,000


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